Leveraging Machine Learning, RevGain – Packages, an industry leading comprehensive big data solution by RateGain provides competitive pricing data and optimal pricing as well as unconstrained sales, city demand and pick-up forecasts for the package tour industry with a significant contribution to topline revenue, which flows straight to the bottom line
London, May 10, 2018: RateGain Technologies, the market leader in big data solutions for Travel and Hospitality industries announced the latest release of its RevGain – Packages SaaS solution with power packed new features to aid Tour Operators, Airlines and other companies offering packages, with predictive pricing and forecasting abilities. The solution leverages deep neural network algorithms to predict demand and optimizes rates based on competitive intelligence, historical transactional data, current booking pace, and market trends. The new release offers the following additional features for better revenue lift:
- City Demand Forecast – Based on the selection of Departure Month, Origin airport, Destination airport, Length of Stay (LOS), city demand calendar is plotted with demand level predictions
- Unconstrained Sales Forecast – Based on the selection of Brand, Departure Date, Origin Airport, Destination Airport, Hotel, LOS, the solution forecasts unconstrained package sales
- Pick Up Forecast – Based on the selection of Brand, Departure Date, Origin & Destination Airport, cumulative pickup forecast is predicted with granular details, at a booking window level
In addition, this release also provides Subscriber Win, Meet, Loss and Variance analysis based on the selection of Brand, Origin and Destination Airports. A new architecture enables enhanced visualization capabilities, including an intuitive and feature-rich dashboard providing granular level details as well as the aggregated analysis, all in a single view, allowing the user to view and act on comparative data for past weeks or months, with a simple click.
“Our focus has always been to provide intelligence that can be acted on, here and now. With this new release, we bring the most sophisticated analytics in the hands of business users for most profitable business decisions. This release is powered by “Code ItineraryTM,” RateGain’s digital data lake foundation, which provides easy scalability to our customers and granular forecasting features, putting them truly in command of their data,” said Dr. Anand Medepalli, Chief Product Officer of RateGain.
“RateGain is a thought leader in their space. Their intelligence has helped us to outperform the market. I can honestly say that RateGain has been incredibly flexible and a great partner, has really listened to what we have said and has gone over and above and beyond in delivering what we set out together with RevGain – Packages,” said Robert Thye, Senior VP, Revenue Management, Apple Leisure Group.
RevGain – Packages has already been helping package holiday providers worldwide in taking profitable decisions with significant revenue lift. Easy on-boarding and RevGain – Package’s intuitive usability are helping businesses bring down their Total cost of ownership (TCO) and gain market advantage in the quickest possible time.
RateGain is a leading provider of cloud-based innovative solutions for the Travel and Hospitality Industry. RateGain provides the latest technology in rate intelligence, price optimization, seamless electronic distribution and brand engagement. Founded in 2004, RateGain has 12,000 clients around the globe including hotels, online travel agents, airlines, car rental companies, cruise liners as well as tour operators and wholesalers like IHG, Melia Hotels International, Lufthansa, Expedia, Hertz Corporation, Priceline.com, Carnival Cruise, etc. Through our unwavering commitment to excellence and our guiding principles, we help hospitality and travel companies make more revenue every day.
For more information, visit www.rategain.it
Enzo Aita, Global Head – Hospitality Marketing
Aditi Bhandari, Senior Manager Marketing
Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words ‘planned’, ‘expects’, ‘believes’,’ strategy’, ‘opportunity’, ‘anticipates’, ‘hopes’ or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, data services and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies /entities in which we have made strategic investments,